Author Archives: Keith Good

Number of New Houses on the Market Highest Since January 2009

Bloomberg writer Sho Chandra reported yesterday that, “U.S. purchases of new homes fell more than estimated in September to the weakest pace since December 2016, adding to signs that a lack of affordability is crimping demand, according to government data Wednesday. “The results fell below all forecasts in Bloomberg’s survey of economists and showed downward revisions for… Continue Reading

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Behind Bayer’s Tough Defense of Roundup

Sara Randazzo, Jacob Bunge and Ruth Bender reported yesterday at The Wall Street Journal Online that, “Bayer AG’s $63 billion acquisition of Monsanto Co. this year made the German drug and chemicals company the world’s biggest supplier of crop seeds and pesticides—and brought it thousands of lawsuits alleging Monsanto’s Roundup herbicide causes cancer. “But Bayer has a… Continue Reading

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Judge Reduces Jury Award Against Bayer’s Roundup to $78.5 Million

Wall Street Journal writers Sara Randazzo and Jacob Bunge reported today that, “A California judge on Monday reduced by more than $200 million a jury verdict linking Bayer AG’s Roundup weedkiller to cancer but upheld the jury’s findings that the company acted with malice. “San Francisco Superior Court Judge Suzanne Ramos Bolanos said the $250 million in… Continue Reading

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Federal Court in Texas Asked to Vacate 2015 WOTUS Rule

DTN writer Todd Neeley reported Friday that, “Three states, along with the American Farm Bureau Federation, asked a federal court in Texas on Thursday to vacate the 2015 waters of the United States, or WOTUS, rule in the latest in a long series of court actions. “In separate motions filed with the U.S. District Court… Continue Reading

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Grain Elevator Assets to Be Sold After Millions of Dollars Went Missing

DTN Ag Policy Editor Chris Clayton reported yesterday that, “The members of a Minnesota farmers’ cooperative have voted to dissolve and sell the cooperative’s assets after the former elevator manager allegedly stole millions of dollars before disappearing in September. “The Ashby (Minnesota) Farmers Cooperative discovered it was in trouble in early September when it was… Continue Reading

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Bayer Could Win a New Trial for Roundup

Wall Street Journal writer Jacob Bunge reported earlier this month that, “Bayer AG could win a new trial to defend its Roundup weed killer. “A California judge on [October 10th] issued a tentative ruling for a new trial on the $250 million in punitive damages awarded to a groundskeeper, who sought to hold the Roundup maker… Continue Reading

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Organic Field Crop Acreage Grows While Non-GMO Acreage Declines

DTN writer Katie Dehlinger reported yesterday that, “Acreage planted to organic field crops is on the rise while land planted to non-GMO corn and soybeans declined, according to a new report from Mercaris, a market data and trading platform for the identity-preserved grain industry. “The number of farms certified under USDA’s National Organic Program increased 3%… Continue Reading

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Three Farmers Agreed to Plead Guilty to Fraudulently Marketing Non-Organic Corn and Soybeans

The Associated Press reported late last week that, “Three farmers have agreed to plead guilty to fraudulently marketing non-organic corn and soybeans as certified organic as part of a lengthy, multi-million-dollar scheme. “Documents filed in federal court in Iowa show that Tom Brennan, James Brennan and Michael Potter each intend to plead guilty to wire… Continue Reading

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Mortgage Rates Increase, Cost of borrowing, highest in Over Seven Years

Wall Street Journal writers  Laura Kusisto and Christina Rexrode reported last week that, “Mortgage rates hit their highest level in more than seven years this week at nearly 5%, a level that could deter many home buyers and represents another setback for the slumping housing market. “The average rate for a 30-year fixed-rate mortgage rose… Continue Reading

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Corn Futures Advance as USDA Cuts Outlook for Domestic Yield

Bloomberg writers Megan Durisin and Shruti Singh reported yesterday that, “After months of dealing with gloom in the grain markets, corn bulls were delivered some relief as the U.S. Department of Agriculture forecast smaller-than-expected domestic production. But the euphoria didn’t last when it came to soybeans and wheat. “In one of the biggest recent surprises for… Continue Reading

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